IIFL Securities FAQs (Frequently Asked Questions)

The IIFL Demat account can be deleted or closed by filling and submitting a physical account closure request form to the required address of the IIFL branch/office as per the instructions given. It is a completely offline process and cannot be done online or by contacting customer support.

Steps to delete IIFL Demat account

1. Download the account closure formand fill it with all the required details.
2. All account holders must sign the form.
3. Attach the unused delivery instruction booklet (DIS) and submit the form in your branch office or courier it to the address given in the form.

Please Note:

• It takes about 7 to 10 days to process the closure request.
• Clear all your pending dues before requesting for account closure.
• Transfer existing securities to other Demat accounts.

 

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ICICIdirect, Angel Broking, HDFC Securities, Kotak Securities, and Sharekhan are amongst the top competitors of IIFL Securities.

IIFL Securities, formerly known as India Infoline, is one of the biggest full-service stockbrokers in India. IIFL has a strong research team providing the best advisory services to its customers. The company offers a wide range of trading and investment opportunities in equity, commodity, currency, and derivatives. IIFL also offers various other financial products like Mutual Funds, IPOs, Bonds, Insurance, Loans. and FDs.

 

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To become an IIFL partner, you need to submit your basic details and type of partnership business model in the partner inquiry form available on the company website. An IIFL representative will then connect with you to understand your objectives, interest, experience, capital, and take you through the entire partnership program details.

IIFL offers four types of business models to partner with IIFL. You can partner with IIFL as:

• Franchisee
• Marketing Associate
• Entrepreneur
• Remissier

The objective, eligibility criteria, and capital requirements for each of them different. You need to choose the business model that best suits your requirement, interest, and capacity. IIFL will provide you the required training and support to help you set up your partner model. Recently, IIFL has launched an advisory platform called AAA - Advisor Anytime Anywhere as a one-stop solution for its entrepreneurs to become independent financial advisors.

 

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To avail trading and investment services of IIFL, you need to open a trading & Demat account and link it with your savings bank account. To invest in mutual funds, you need to open a separate account called 'IIFL Mutual Fund Account'. All the securities bought through the trading account will be held in the Demat account linked to it.

IIFL offers 3 different brokerage plans to its customers:

1. Flat Brokerage Plan
2. Variable Brokerage Plan
3. Value-added Subscription Plan (Advance Brokerage Plan)

You can choose any of the plans at the time of opening the account. You also have the flexibility to switch between accounts at any time. The brokerage is charged as per the chosen plan. You also have to pay other fees and taxes based on your transactions.

You can place buy/sell orders through IIFL in multiple ways either through your mobile or desktop/laptop:

1. IIFL Markets App(Mobile Trading App)
2. TT Web(Online Trading Website) or TT Desktop (Installable Trading Terminal)
3. IIFL Mutual Funds App(Android and iOS)
4. Call and Trade

Note: It is not mandatory to open a Demat account if you already have an existing Demat Account with another broker. However, it is advisable to open trading and Demat account with one broker for seamless transactions.

 

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